SHKP Sustainability Report 2024/25

Our Reporting Approach Message from the Sustainability Steering Committee Our Business Our Approach to Sustainability Value Created for the ENVIRONMENT Value Created for PEOPLE Value Created for CUSTOMERS Value Created for SUPPLY CHAIN Value Created for COMMUNITY Appendices 23 Sun Hung Kai Properties Limited | Sustainability Report 2024/25 Accelerating Decarbonization Throughout Our Operations international sources. This year, Hong Yip has acquired 52,000 kWh of local renewable energy through CLP’s RECs for training sessions and major events, securing a total of 224,000 kWh in RECs since 2021, while ICC has purchased around 52,200 MWh of international RECs from wind, solar, and hydro sources in the past three years. During the reporting year: Six of our managed properties awarded the Zero-Carbon-Ready Building Certification by the Hong Kong Green Building Council. Two Harbour Square and ICC excelled in the council’s energy utilization index, scoring ‘extra low’ and ‘super low’ rating, respectively Our managed properties have joined and supported the ECF Carbon Neutrality Campaign Competition, organized by Hong Kong Women Professionals and Entrepreneurs Association, in which seven estates from Hong Yip and three estates from Kai Shing were recognized as the Top 10 Participating Residential / Commercial Properties 260 properties joined the Energy Saving Charter Grand Century Place/ MOKO, ICC and Tai Po Mega Mall received the Management Award for Net-Zero Contribution (Property management) - Visionary Blueprint towards Net Zero at the Hong Kong Green and Sustainability Contribution Awards 2025, organized by the Hong Kong Quality Assurance Agency For details on our awards and achievements, please refer t o Appendix I . Advancing Sustainable Practices in Construction The Group strives to reduce on-site air pollution and emissions through the adoption of electric construction equipment. Our enhanced fleet features nine electric-powered construction equipment, including five truck cranes, two truck mixers and two trailer pumps that were procured last year. By replacing diesel machinery with electric-powered equipment, we can reduce carbon emissions, and minimize noise and air pollutants on-site, creating a healthier working environment for our frontline workers. We are partnering with third-party experts to optimize construction site energy efficiency, transitioning from diesel generators to Battery Energy Storage Systems. During the reporting year, 23 systems were deployed at our construction sites, reducing around 4,100 tonnes of CO 2 emission annually. Our comprehensive construction sustainability framework encompasses: CO2 Advance diesel-free energy storage and power systems (Battery Energy Storage System) Early electrification Renewable energy EV charging facilities Electric or hybrid vehicle fleet High energy-efficient machinery and equipment, e.g. electric truck cranes, truck mixers and trailer pumps Wastewater recycling and reuse Rainwater harvesting BIM, Design for Manufacture and Assembly (DfMA), Modular Integrated Construction (MiC) site office and precast components Waste reduction and recycling Low-embodied-carbon materials Energy Saving Water Use Waste Management We are driving the transition to a low-carbon economy through our comprehensive Decarbonization Strategy , acknowledging climate change’s impact on our operations, customers and society. Our climate action commitment is demonstrated through our early signing of the Carbon Reduction Charter in 2009. We fully support the HKSAR Government’s Climate Action Plan 2050 and the Energy Saving Plan for Hong Kong’s Built Environment 2015-2025+, and participate in the Carbon Neutrality Partnership, hosted by the Hong Kong Environment and Ecology Bureau. We also participate in the Carbon Audit • Green Partner programme, and have joined the Business Environment Council’s Net-Zero Carbon Charter. Hong Yip and Kai Shing advance carbon offsetting through strategic renewable energy certificates (RECs) procurement from local and